Facial Recognition Biometrics in Consumer Electronics

“Facial Recognition Biometrics in Consumer Electronics Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the facial recognition biometrics in consumer electronics by end-users (enterprise and individual consumers); and by geography (North America, Europe, Asia-Pacific, Latin topical America and Middle East & Africa). Facial recognition biometrics is a software utilized for the identification and authentication of facial details of an individual. These systems include local binary pattern histogram (LBPH) algorithm, which exterminates unauthorized access. Biometrics-based consumer electronic devices refer to standalone products that are used for accessing mobile devices, game consoles, and other devices.

The increasing utilization of technologically advanced accessibility solutions in different end user industries is primarily driving the global facial recognition biometrics in consumer electronics market growth. Several initiatives undertaken by governments of various nations to incorporate biometrics to ensure optimum security are fueling the market growth. Moreover, the rising integration of smart devices with high-density networks of AI-supported security cameras is contributing to the market growth.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the facial recognition biometrics in consumer electronics market and can also impact its future growth. Taking 2021 as the base year, the report covers the historical market scenario from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints and recent developments have also been analysed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the facial recognition biometrics in consumer electronics market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the facial recognition biometrics in consumer electronics market in detail for the latest trends, outlook and opportunities.

The report analyses the competitive structure of the facial recognition biometrics in consumer electronics Industry and provides the profiles of major players operating in the market. The price margins for the products, along with the various success and risk factors for manufacturers, have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the facial recognition biometrics in consumer electronics Industry along the parameters of Porter’s Five Forces model. This model examines the degree of competition in the facial recognition biometrics in consumer electronics Industry by analysing the threat posed by new entrants and substitutes and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report, which highlights the strengths, weaknesses, opportunities and threats pertaining to the facial recognition biometrics in consumer electronics Industry. Furthermore, the value chain analysis of the facial recognition biometrics in consumer electronics Industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Segmentation by End-Users:

• Enterprise
• Individual Consumers

 Segmentation by Region:

• Asia-Pacific
• Europe
• Latin America
• North America
• Middle East & Africa

Competitive Landscape:

• Cognitec Systems
• Dell
• Google
• HP

The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the facial recognition biometrics in consumer electronics industry along the parameters of the porter’s five forces model. This model examines the degree of competition in the facial recognition biometrics in consumer electronics industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. Swot analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the facial recognition biometrics in consumer electronics industry. Furthermore, the value chain analysis of the facial recognition biometrics in consumer electronics industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing and sales of the products, and their distribution.

Highlights of The Facial Recognition Biometrics in Consumer Electronics Market

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the facial recognition biometrics in consumer electronics industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.